Happy Home announced that Shandong Happy Home Food Co., Ltd., a wholly-owned subsidiary of the company, plans to implement a fixed asset investment project with a total investment amount of no more than 60.3 million yuan. The capital is owned or self-funded. The project is located in Menglianggu Industrial Park, Mengyin County, Linyi City, Shandong Province. It is used to purchase production-related equipment and the renovation and expansion of some production workshops and production lines. The estimated construction period is 13-16 months. This investment does not constitute a related transaction or major asset restructuring. There is no need to submit it to the shareholders' meeting for review. It is not expected to have a significant impact on the company's current revenue and profits. There is a risk that the approval, implementation progress, and business development of the project will fall short of expectations.

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